In Which One of the Following Instances Would an Auditor

question 70

Multiple Choice

In which one of the following instances would an auditor most likely issue an unqualified opinion without explanatory language?

• A)Management's disclosures are missing or inadequate.
• B)There is substantial doubt about the entity's ability to continue as a going concern.
• C)There is a significant limitation on the scope of the engagement.
• D)There is an immaterial deviation from GAAP related to capitalizing repairs.

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Definitions:

Salespeople

Individuals who are responsible for selling products or services to customers.

Sellers

Individuals or entities engaged in offering goods or services to buyers in exchange for compensation.

Monitoring Advertising

The process of tracking and analyzing the performance and effectiveness of advertising campaigns to ensure objectives are met.

Sales Promotion Activities

Marketing efforts designed to temporarily increase interest in a product or service and stimulate sales, such as discounts, coupons, and contests.